If a person’s estate is worth in excess of $1.5 million (i.e.  $1,500,000), with the proper planning a married couple can take advantage of a marital tax credit, thereby reducing (or reducing the likelihood) of significant federal estate taxes.

This decision-making process is explained in the introductory material provided with Standard Legal’s Living Trust legal forms software.

You can also review general information about Living Trusts from the estate planning article in Standard Legal’s Law Library.

That being stated, the general information provided with the A/B trust discusses the issue concerning the funding of the trust, as well as the nature of the joint marital tax credit available by using this type of trust.

We suggest highly that you carefully review the information regarding funding the A/B trust, as it is a bit complex. Please note that using the individual or Single Trust instead of the A/B Trust could result in the loss of the martial tax credit that could be maximized by using the A/B Trust.